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Economic Update – A Tale of Two Crises: 1929 and 2008 – 09.03.17

Updates on US working conditions 2017, looming US recession and plans for negative interest rates, schools raise funds by shaming poor school children, and the economics of fascism. Major discussion: why FDR’s New Deal (successful trickle up economics) was not repeated after 2008 (unsuccessful trickle down economics). Consequences of post-1945 destruction of coalition that produced New Deal. Download this episode …

My Political-Financial Road Map for 2017

Happy New Year! May yours be peaceful, safe and impactful! As tumultuous as last year was from a global political perspective on the back of a rocky start market-wise, 2017 will be much more so. The central bank subsidization of the financial system (especially in the US and Europe) that began with the Fed invoking zero interest rate policy in …

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James K. Galbraith – From the destruction of Greece to democracy in Europe

IN PROTESTING the Treaty of Versailles ending World War I, John Maynard Keynes wrote: “The policy . . . of depriving the lives of millions of human beings, of depriving a whole nation of happiness should be abhorrent and detestable — abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the …

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AMBROSE EVANS-PRITCHARD – Italy must choose between the euro and its own economic survival

Italy is running out of economic time.  Seven years into an ageing global expansion, the country is still stuck in debt-deflation and still grappling with a banking crisis that it cannot combat within the paralyzing constraints of monetary union. “We have lost nine percentage points of GDP since the peak of the crisis, and a quarter of our industrial production,” …

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James Wilt – There Is a New Climate Change Disaster Looming in Northern Canada

Of all the climate change issues that have been melodramatically dubbed a “carbon bomb” in recent years—tar sands projects in Alberta, catastrophic wildfires in Indonesia, holes in Australia’s seagrass meadows—it seems the thawing of permafrost in the Arctic is most likely to live up to the hype. There’s a staggering amount of methane and carbon dioxide, like hundreds of gigatons …

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Progressive Commentary Hour – 08.04.15

Dr. Richard Smith is an historian specializing in China and its transition to capitalism, and on economics, environmental and ecological issues. He received his doctorate in history from UCLA and has written on the many penetrating investigative reports and research papers on the capitalism’s failures and threats to the preservation of our planet. He is the author of “Green Capitalism: The God that Failed” published earlier this year by the World Economics Association. He is currently working two new books addressing China’s environmental threats and another on capitalism and the global environment.

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The Gary Null Show – 08.04.15

Dr. Richard Smith is an historian specializing in China and its transition to capitalism, and on economics, environmental and ecological issues. He received his doctorate in history from UCLA and has written on the many penetrating investigative reports and research papers on the capitalism’s failures and threats to the preservation of our planet. He is the author of “Green Capitalism: The God that Failed” published earlier this year by the World Economics Association. He is currently working two new books addressing China’s environmental threats and another on capitalism and the global environment.

Europe is blowing itself apart over Greece – and nobody seems able to stop it By Ambrose Evans-Pritchard

Like a tragedy from Euripides, the long struggle between Greece and Europe’s creditor powers is reaching a cataclysmic end that nobody planned, nobody seems able to escape, and that threatens to shatter the greater European order in the process. Greek premier Alexis Tsipras never expected to win Sunday’s referendum on EMU bail-out terms, let alone to preside over a blazing …